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Japan – Recruit invests in business intelligence startup DataWeave

11 September 2018

Staffing giant, Recruit,  announced that it has invested in Singapore-based DataWeave Pvt. Ltd.

DataWeave is a provider of Software as a Service (SaaS) for competitive intelligence to support businesses' decision-making through AI powered analysis of aggregated web data.

Recruit made the investment through its investment subsidiary RSP Fund No. 6, LLC. The fund aims to discover new technologies and new business models, and to acquire business opportunities which are relevant to new business development for the Recruit Group.

DataWeave said that its service provides a timely understanding of the pricing of a variety of competitors' products, then makes recommendations about optimal pricing using e-commerce sites and other sources of information.

According to DataWeave, its service also supports the planning of a company’s product assortment by identifying its strengths and weaknesses relative to competitors and providing the latest information on recent product trends. It also analyses competitors' online promotions, enhances the company's advertising strategy, and helps encourage purchases from new and existing customers.

The technology is currently used in various fields such as retail, manufacturing, consulting, portfolio management and investment, and overall strategic support across industry verticals. Its use in the travel and hospitality industries is expected to grow going forward.

No further details of the investment were disclosed.

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